Russia’s wealthiest individuals have provided more than 471 billion roubles, or over $5.6 billion, to the state budget through what government documents describe as “voluntary receipts” this year, according to Reuters. The contributions followed a closed-door meeting between President Vladimir Putin and leading Russian businesspeople in March, many of whom are under
Russia’s capital city Moscow will reduce its investment programme for the first time since the COVID-19 pandemic, highlighting growing financial pressure across the country’s regional governments. Mayor Sergei Sobyanin said revenue growth in the first two months of the year slowed to 2%, far below the expected 6.5%, prompting the city to cut planned 2026 […]
The Russian ruble has reached its lowest point in 16 months, dropping below 100 against the US dollar. This decline is a result of mounting pressures on the Russian economy, marked by a faster increase in imports compared to exports and heightened military expenditures due to the conflict in Ukraine. Following Russia’s invasion of Ukraine […]


